[jonahbenton]

Yeah...my limited read of it is, first off- from a biz perspective, it's a toy. It has a toy understanding of money, a toy understanding of inflation, a toy understanding of payment...but the mechanism they have stumbled upon has underlain real-life credit systems for thousands of years. Lots of successful things have started out as toy implementations from toy understandings that get usage and users and become real. The Pinocchio story, rather than the Cinderella story.

My understanding is it would have the trust aspects of Hawala banking, but for goods transmission, not actual money as occurs in Hawala. I don't think there is a money transmission problem.

I am sure were this to be real that there would be a tax problem. There would need to be reporting of sales and so forth, in fiat equivalent.

I don't know that there needs per se to be connectivity to real payment systems, though there do need to be real identities.

Anyway, just guesses. Glad to see it.